This guide will break down all the major Binance fees, explain how they are calculated, and share practical tips to help you save money.
Understanding these costs will allow you to trade smarter, keep more of your funds, and make informed decisions with every transaction.
Of course, if you’re new to Binance, I suggest you have a look at our comprehensive reviews and guides:
Key Takeaways:
Binance is a crypto exchange founded by a software engineer, Changpeng Zhao (popularly called CZ), in 2017. Although the crypto exchange debuted at a time when several other exchanges were saturating the market, Binance soon garnered significant attention due to various reasons, including quick token listings and competitive fees. Today, the crypto custodian boasts over 289 million users globally.
The team behind Binance also launched a layer-1 blockchain, known as BNB Chain, alongside a native coin called Binance Coin (BNB). Holding this coin grants access to specific privileges within the Binance exchange.
As partners of Binance, CryptoPotato readers can receive additional fee discounts and an exclusive $600 voucher in 2025. Use this link to register, verify your account, and complete the tasks to get up to $600 free.
Binance charges different fees depending on the type of transaction, your account level, and trading activity. At first, these fees may seem confusing, but breaking them into categories makes them easier to understand. The main types include:
Each type works differently, so understanding them helps you make smarter trading decisions. They also let you plan trades better and avoid unexpected costs. Now, let’s break down each of these fees.
Spot trading refers to buying or selling the underlying cryptocurrencies directly, rather than a derivative. In other words, when you purchase spot, you can also then transfer these assets to your private wallets. On Binance, traders are classified as makers or takers, depending on how their orders interact with the market:
Tip: Think of it like a marketplace. Makers post items for others to buy, and takers purchase the items immediately.
By default, Binance charges 0.1% per trade for both makers and takers. It may seem small, but frequent trading can add up. For example, if you buy 1 BTC at $30,000 as a taker, you would pay a fee of $30.
Remarkably, you can lower this fee by paying with BNB. Binance automatically gives a 25% discount if you use BNB.
Futures trading allows you to speculate on cryptocurrency prices without actually owning the underlying asset. Binance offers two main futures types:
Futures fees are generally lower than spot trading fees:
The image below is an overview of the fee rate applicable to the USDT-M Futures:
The image below is an overview of the fee rate applicable to the COIN-M Futures:
Futures contracts also include funding rates, which are periodic payments between buyers and sellers. These keep perpetual contracts close to the spot market price. Funding rates can be positive or negative and usually occur every 8 hours.
When the funding rate is positive, traders holding long positions pay those holding short positions. When the funding rate is negative, short positions pay long positions. This mechanism balances demand and prevents significant price gaps between futures and spot markets. For example, if your position size is $10,000 and the funding rate is 0.01%, the fee is $1. You would pay this amount if you are long, or receive it if you are short.
Like spot trading, futures fees can be reduced by paying with BNB or reaching higher VIP levels. Traders should closely monitor funding rates, as frequent changes can significantly impact costs.
Binance offers European-style vanilla options, which let you buy or sell call and put contracts. These work differently from futures and come with special fees:
Below are the applicable fee rates for regular and VIP users, as outlined in the Options trading section:
Because you pay premiums upfront, frequent use of options can become costly. Keeping an eye on strike prices and expiry dates helps you avoid unnecessary expenses.
Have you ever considered the cost of deposits and withdrawals? These fees are easy to overlook but can add up, especially if you frequently move large amounts.
Below is an image showing the overview of the fee rates for the Deposit/Withdrawals section. It also shows the tokens’ network and names:
Margin trading allows you to borrow funds to increase your trade size and potentially amplify your profits.
Binance charges daily interest on borrowed funds. Interest compounds until the loan is repaid, so paying it back quickly can save you money. For instance, if you borrow $5,000 at a daily interest rate of 0.02%, the cost is $1 per day. Because interest accumulates daily, prompt repayment reduces overall costs.
Below is the image displaying the fee rates for the Spot and Margin trading markets:
P2P trading lets you buy or sell crypto directly with other users, usually in fiat.
P2P trading is ideal for users seeking lower fees and more flexible payment options. Notably, you can save money by using promoted payment methods that charge lower fees. It also helps to complete transactions quickly to avoid extra charges.
The Binance NFT Marketplace lets you buy, sell, and even create NFTs. Like other platforms, it comes with some fees:
Below is an image of the applicable fee rates for the NFT trading section:
When pricing NFTs, remember to factor in both marketplace fees and creator royalties to avoid unexpected costs.
Binance fees are already low, but a few simple strategies can help you save even more:
Binance has a VIP system for active traders. Higher trading volumes and larger BNB holdings result in lower fees.
High-volume traders benefit a lot, as small fee reductions add up over many trades.
Even after applying all fee-saving strategies, some costs remain less obvious. Understanding these helps you trade smarter and avoid unexpected expenses:
Being proactive about these hidden costs can significantly improve your trading efficiency and net outcomes.
Seeing real-life scenarios makes understanding Binance fees much easier. The examples below illustrate the actual fees you would incur for various trades and withdrawals, excluding any additional hidden costs.
Suppose you buy 2 ETH at $1,800 each using a market order:
Total Fees Paid: $3.60 (or $2.70 if using BNB).
Imagine going long on BTC-USDT at $30,000:
Total Fees Paid: $9
Suppose you borrow $5,000 to trade ETH at a daily interest rate of 0.02%:
Binance fees vary depending on the transaction type, account level, and the specific network used.
That said, the fees tend to be on the lower end of the competitive spectrum, especially if you take advantage of VIP tiers and pay with BNB.
It’s critical also to consider hidden costs, such as slippage, liquidity, and conversion charges, which also impact outcomes. By consolidating trades, selecting low-fee networks, and monitoring funding rates, you can effectively manage expenses.
Understanding these details ensures you trade more efficiently and avoid unnecessary costs.
The post Binance Trading Fees Explained: Spot, Futures, and More (UPDATED 2025) appeared first on CryptoPotato.
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